Deputy Chief Underwriter

Greystone is a private national commercial real estate finance company with an established reputation as a leader in multifamily and healthcare finance, with over $12 billion in loan originations in 2024. The firm consistently ranks in the Top 10 for Fannie Mae & Freddie Mac multifamily loan originations and is the #1 Overall HUD Multifamily and Healthcare Lender in the country. Greystone also ranks nationally as a top affordable housing, seniors housing, and small balance loan lender. At Greystone, charity is at the heart of who we are and what we do. 

At Greystone, everything we do is driven by our purpose of improving others’ lives. As we work hard to maintain our ranking as a top national commercial real estate lender, our culture of caring and support is just as important. We don’t just say “Where People Matter” – we lead with this mantra every day to guide our actions and behaviors. Greystone is committed to fostering and preserving a culture of inclusion. Belonging is at the heart of our culture of caring, integrity and excellence and is a driving force behind our entrepreneurial spirit and creativity.   

We are seeking a Deputy Chief Underwriter to join our FHA team. The will proactively manage the FHA/HUD Underwriting team Deputy Chief Underwriter and the associated loan pipeline, work with originations, operations and underwriters to facilitate the processing and underwriting of loans. The Deputy Chief Underwriter will be responsible to manage the day-to-day activities of all underwriting team members and provide guidance, support, and direction to the group throughout the underwriting process.

Primary Duties and Responsibilities:

• Manages and provides leadership to the underwriting team.
• Oversees entire underwriting process to insure all FHA/HUD loans are underwritten properly and appropriate commitments are issued in a timely manner.
• Assesses transaction risk, provides risk mitigation strategies, and deal structuring recommendations.
• Works collaboratively with the origination platform to problem solve and develop creative transaction structuring solutions delivering best-in-class execution.
• Interfaces directly with the borrowers and external clients when necessary.
• Communicates with the underwriting team and between the team, closing, origination, the Chief Underwriter and investors.
• Functions as a problem solver and troubleshooter during the underwriting process.
• Acts as an “issue identifier” throughout the process, ensuring that there are no last-minute surprises.
• Assigns tasks and specific work assignments to team members and project manages these assignments as needed. Ensures appropriate distribution of work between analysts and underwriters. Interacts with team members daily in prioritization of activities for the team.
• Provides guidance and training to underwriters and analysts.
• Responsible for thorough knowledge of Greystone and Investor Underwriting Guidelines.
• Knows the status and understands the deal issues and appropriately communicates up and down the chain.

Experience, Skills, and Abilities Required:

• Bachelor’s degree required with Accounting, Finance, Economics or Real Estate concentration preferred.
• A minimum of 7- 10 years' previous work experience with analyzing/underwriting FHA/HUD loans in a commercial real estate lending environment is required.
• At least 3 years of experience supervising; minimum of four years’ experience in a senior underwriting position, specifically FHA/HUD multifamily underwriting.
• Requires an independent worker with good project management knowledge and ability to adjust to ever changing environment.
• Requires a high degree of professionalism and confidentiality.
• Highly developed analytical, research and oral presentation skills.
• Excellent communication, organizational skills and writing ability.
• Proficiency with Excel and Word.
• High level of personal accountability.

At Greystone, we believe that finding creative solutions for our clients comes from the collaboration of people with diverse backgrounds and perspectives. We strive to build an inclusive work environment that celebrates differences and empowers all individuals with opportunities to channel their entrepreneurial spirit. Greystone is an EEO Employer.

*The firm is the #1* overall HUD multifamily and healthcare lender by firm commitments, and a top 10 Fannie Mae and Freddie Mac multifamily real estate lender.* 

*For HUD's 2024 fiscal year ending September 30, 2024. Based upon combined firm commitments received by Greystone Funding Company LLC and Greystone Servicing Company LLC and excludes risk sharing and hospital loans.*